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☆ World Bank downgrades developing East Asia growth forecast, weighed by a slowing China
▼ + stars: | 2023-10-02 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

The World Bank trimmed its growth forecast for developing East Asia and Pacific, citing a sluggish China and global demand amid still-high interest rates and dampened trade. The World Bank said it now expects developing economies in East Asia and the Pacific to grow 5% in 2023, according to its October report published Monday in Asia. For 2024, the Washington-based multilateral bank now expects 4.5% growth for the region, down from its forecast of 4.8% in April. The World Bank left its 2023 economic growth forecast for China unchanged at 5.1%, but lowered its 2024 estimate to 4.4% from 4.8% previously. "While domestic factors are likely to be the dominant influence on growth in China, external factors will have a stronger influence on growth in much of the rest of the region," the World Bank said.

Organizations: Bank, East, World Bank Locations: Hong, Hong Kong, China, East Asia, Pacific, Asia, Washington

CNN —Former President Donald Trump will be in attendance Monday in a New York courtroom for the start of the civil fraud trial against him, his eldest sons, their companies and Trump Organization executives. What’s the impact of the fraud ruling? While Trump can opt to waive his presence at the civil trial, attorneys for the former president have indicated that he is eager to testify in court. Two criminal cases against Trump are scheduled for trial in March in New York and Washington, DC. Smith’s case alleging Trump mishandled classified documents is slated to go to trial in Florida federal court in late May.

Persons: Donald Trump, Judge Arthur Engoron, Trump, Letitia James, Engoron, James ’, Chris Kise, “, Kise, Donald Bender, general’s, Allen Weisselberg, Ivanka Trump, Michael Cohen, Weisselberg, who’s, E, Jean Carroll, Carroll, Jack Smith, teeing Organizations: CNN, Trump Organization, New York, Trump, Mar, longtime Trump Organization, Yorkers, Unified Court System, New, DC Locations: New York, York, Rikers, Manhattan, Washington, DC, Florida, Fulton County , Georgia

☆ Stock market bulls are hopeful that earnings will be a welcome distraction
▼ + stars: | 2023-10-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

After September lived up to its reputation as the worst month of the year, bulls are hopeful earnings will prove a welcome distraction for a stock market mired in weak seasonal trends and rising interest rates. "Net net, the earnings estimates for these early reporters are going up, and that is a positive sign for earnings season," Earnings Scout founder and CEO Nick Raich from told me. Valuations are coming down but are still high The forward multiple for the S & P 500 (Q4 2023, and Q1-Q3 for 2024) is 17.9. For example, industrials have seen a significant decline in earnings estimates due to very large estimate declines for Boeing. Bulls hopeful earnings will prove a welcome distraction The expectations for rising earnings has many hopeful that it will help get stocks out of their recent rut due to rising interest rates.

Persons: Nick Raich, John Butters, Nicholas Colas, Raich Organizations: JPMorgan, FedEx, Oracle, Darden, Costco, Pepsi, General Motors, Ford, Netflix, NVIDIA, Apple, Intel, Boeing, Southwest Airlines, American Airlines, United Parcel Service Locations: AutoZone, Horton

"We're disappointed, of course," Anthony Caso, a lawyer for Eastman, said of the court's decision not to hear the appeal. In decisions in 2022, U.S. District Court Judge David Carter in Santa Ana ordered certain emails to be turned over, including those related to court efforts by Trump and Eastman to delay congressional certification of Biden's victory. Carter ruled that Trump and Eastman had "more likely than not" committed a crime in trying to obstruct Congress. Eastman has sought to erase the judge's determination that the "crime-fraud" exception applied to some of the emails. Trump is the frontrunner for the Republican nomination to face Biden in the 2024 election.

Persons: John Eastman, Yuri Gripas, Donald Trump's, Clarence Thomas, Thomas, Eastman, Virginia, Ginni, We're, Anthony Caso, Trump's, Joe Biden's, David Carter, Trump, Carter, Mike Pence, Pence, Biden, Andrew Chung, Will Dunham Organizations: National Organization, IRS, REUTERS, Rights, U.S, Supreme, Conservative, Washington Post, Democratic, Capitol, Trump . Eastman, Chapman University, Trump, Eastman, San, Circuit, Republican, Thomson Locations: Washington, California, U.S, Santa Ana, San Francisco, Georgia's Fulton County

Istanbul CNN —Turkey’s military carried out airstrikes targeting Kurdish militants in northern Iraq on Sunday, just hours after the Kurdistan Workers’ Party (PKK) claimed responsibility for a deadly bombing in the capital in the latest attack of its nearly four-decade long insurgency. The ministry said in a statement that two attackers murdered a civilian and stole his vehicle ahead of the opening of parliament in Ankara. According to Ankara, the PKK trains separatist fighters and launches attacks against Turkey from its bases in northern Iraq and Syria, where a PKK-affiliated Kurdish group controls large swaths of territory. And in November last year, Ankara blamed the PKK for a bomb attack on a central pedestrian boulevard in Istanbul that killed six and injured dozens. In recent years, Turkey has carried out a steady stream of operations against the PKK domestically as well as cross-border operations into Syria.

Persons: Istanbul CNN —, ”, Ali Unal, Recep Tayyip Erdogan Organizations: Istanbul CNN, Kurdistan Workers ’ Party, Turkish Defense Ministry, United Nations Charter, European Union, Turkey’s, Ministry, Firat News Agency, Sunday, Group, Kurdistan Regional Government Locations: Istanbul, Iraq, Kurdistan, Metina, Gara, “, Turkey, United States, Ankara, Turkish, Iran, Kordestan, Iraqi Kurdistan, Syria, Kurdish

On the heels of that decision, a federal appeals court invalidated a federal law that bars an individual who is subject to a domestic violence restraining order from possessing a firearm. A three-judge district court panel struck down the plan in January, saying that race had been the predominant motivating factor. Three years ago, the Supreme Court limited the independence of the CFPB by invalidating its leadership structure. The court’s decision could impact whether the SEC and other agencies can conduct enforcement proceedings in-house, using administrative courts staffed with agency employees, or whether such actions must be brought in federal court. “It’s difficult to think of any other recent First Amendment cases in which the stakes were so high,” Jaffer added.

Persons: Clarence Thomas, ”, Biden, Zackey Rahimi, John Roberts, Taiwan Scott, Thomas, Elizabeth Prelogar, Magnuson, Paul Clement, ” Clement, “, pare, George Jarkesy, Sackler, ” Prelogar, Jameel Jaffer, Jaffer Organizations: CNN, Gun Safety, South Carolina’s Republican, South Carolina State Conference of, NAACP, Democrat, Republican, National Marine Fisheries Service, Chevron, Natural Resources Defense, Stevens Fishery Conservation, Management, Independent, Consumer Financial, Federal Reserve, US, Federal Deposit Insurance Corporation, Securities, Exchange, US Securities and Exchange Commission, SEC, Social Security Administration, Circuit, Historic Purdue Pharma, Purdue Pharma, Sackler, Purdue, Facebook, YouTube, Columbia University’s Locations: United States, South Carolina, Alabama, Taiwan, Charleston County, Chevron, Florida, Texas

☆ Dow futures jump more than 100 points after lawmakers avert government shutdown: Live updates
▼ + stars: | 2023-10-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average rose 122 points, or 0.4%. S&P 500 futures gained 0.4%, while Nasdaq 100 futures added 0.6%. The looming threat of a government shutdown weighed on investors last week, which also marked the end of the trading month and quarter. September marked the worst monthly performance of the year for the S&P 500 and Nasdaq Composite . The S&P 500 is down about 6% from its 2023 high close in July, but still up 11% for the year.

Persons: Joe Biden, Jamie Cox, Cox, They're, Dow Organizations: Dow Jones, Nasdaq, Harris Financial, Futures, Investors Locations: Ukraine, U.S

☆ As interest rates soar, buy stocks like this homebuilder, Wall Street analysts say
▼ + stars: | 2023-09-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Interest rates keep climbing, but that's not stopping Wall Street analysts from finding a slew of stocks to buy. CNBC Pro combed through top Wall Street research to find stocks that are beneficiaries of high interest rates. HealthEquity "We view HQY as an attractive investment in a higher interest rate environment that can function as a portfolio diversifier," according to Baird analyst Mark Marcon. The firm said as middle market businesses face rising interest rates, Bunge can take advantage. Toll Brothers High interest rates are no problem for the homebuilder, Raymond James analyst Buck Horne said in a recent note.

Persons: Bunge, Baird, Mark Marcon, Marcon, Goldman Sachs, Adam Samuelson, Samuelson, Raymond James, Buck Horne, Horne, homebuilders, TOL, HealthEquity, Morgan Stanley Organizations: CNBC, Bank of America, Toll, HealthEquity, Costco, Evercore ISI, CMA, Catering Locations: HealthEquity, homebuilders, homebuilding

PITTSBURGH (AP) — The Miami Marlins' improbable September push will carry into October. Puk (7-5) and seven other relievers kept the Pirates in check, rendering any scoreboard-watching pointless. Miami began the day with its magic number whittled to one following another late comeback victory on Friday night. Miami used a 17-9 September surge to vault over San Francisco, Chicago and surprising Cincinnati in the standings. It's unclear whether the Marlins will have to return to New York on Monday to finish a suspended game against the New York Mets.

Persons: Jazz Chisholm, Josh Bell, Tanner Scott, “, Skip Schumaker's, Marlins —, Chisholm, Little, Jon Berti, Quinn Priester, Garrett Hampson bunted, Nick Gonzalez, Jacob Stallings, Berti, Liover Pegeuro's, Jorge Soler, Bell —, Miami —, Soler, Endy Rodriguez, Jared Triolo, Ke'Bryan Hayes, Bryan Reynolds, Priester, Luis Arraez, ___ Organizations: PITTSBURGH, The Miami Marlins, Marlins, Pittsburgh Pirates, Miami, National League, Pirates, Marlins ”, New York Mets, San Diego Padres, San, MLB Locations: Bahamas, Miami, San Francisco, Chicago, Washington, San Diego, Cleveland, New York

☆ An OnlyFans creator shares how her 'marathon' livestream generated $60,000
▼ + stars: | 2023-09-29 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

Bryce Adams and her team have been building an OnlyFans empire over the past two years. This story is available exclusively to Insider subscribers. Adams never shows her entire face in her public social-media content and reveals it only to her OnlyFans subscribers. The 'marathon' livestreamA particularly successful, albeit laborious, type of livestream has been the "marathon," a monthly show that lasts seven to eight hours. In September, just one marathon livestream made nearly $60,000, almost all of it through audience tips.

Persons: Bryce Adams, Adams, livestreaming —, it's, livestreaming, They've, Tippers, We're Locations: American

☆ Fans new and old in high spirits as Ryder Cup tees off
▼ + stars: | 2023-09-29 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

ROME, Sept 29 (Reuters) - Fans from across Europe and the United States travelled to Rome in high spirits for the 44th Ryder Cup, enjoying warm weather and bringing a blaze of colour to the Eternal City as the action got underway on Friday. It is the first time the event has been held in Italy, attracting a host of local fans alongside more regular visitors from afar. "This is my eighth Ryder Cup, we are veterans," said Andy Nichol, who came with his friends from England and had British flags all over his suit, including on his tie and hat. While many American fans felt the food and drinks were fairly priced considering the popularity of the event, visitors from Europe voiced some criticism. However, visitors generally agreed the Marco Simone was a fine course, the event was well organised and the Ryder Cup was different from any other golf tournament.

Persons: Marco Simone Golf, Matt Williams, Andy Nichol, Nick Easter, Tim Hollis, Donald Duck, Luke Donald, Marco Simone, Kerrie, Jackie, Angelo Amante, Toby Davis Organizations: Ryder, Country, Reuters, Thomson Locations: Europe, United States, Rome, Italy, California, Italian, Tuscany, Puglia, England, British, Ireland

☆ Dutch insurers' shares hit by unfavourable court ruling
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Sept 27 (Reuters) - Shares of Dutch insurers took a hit on Wednesday as a court ruling in a years-long fight over investment-linked products re-opened the prospect of large compensation claims. NN Group (NN.AS) traded down 13.5% at 0750 GMT in Amsterdam, while fellow Dutch insurer ASR (ASRNL.AS) fell 8.6%, as NN warned of the possibly "material adverse effect" of the interim court ruling. NN Group and other Dutch insurers have been dealing with issues related to these insurance policies, popularly known as "woekerpolissen" for years. "This also has impact for the legal cases against other Dutch insurers, who all sold similar unit-linked products at the time," KBC analysts wrote in a note. Between 2008 and 2010, Dutch insurers collectively paid clients about 3 billion euros ($3.2 billion) in compensation over similar policies, but several consumer groups have since filed suits arguing the compensation was too low.

Persons: Bart Meijer, Louise Heavens, Christina Fincher Organizations: KBC, Aegon NL, Dutch, Thomson Locations: AMSTERDAM, Hague, Amsterdam

REUTERS/Kevork Djansezian Acquire Licensing RightsLONDON, Sept 27 (Reuters Breakingviews) - Microsoft’s (MSFT.O) gaming master plan is slowly coming together. But Microsoft’s gaming revenue was still around 8% of group sales, or $15 billion, for the year ended June 2022. Given these risks, it makes sense for Nadella to grow his exposure to those parts of the gaming market which are less likely to be upended by cloud gaming. It remains possible that cloud gaming is a dog that doesn’t bark – or at least not for some time. As a result of the Activision deal, Nadella has a hedge of sorts against cloud gaming happening too fast.

Persons: Kevork, Satya Nadella’s, Ampere, ”, GamesIndustry.biz, Nadella, George Hay, Katrina Hamlin Organizations: Activision, REUTERS, Reuters, Bethesda, Microsoft, Satya Nadella’s Activision, Ampere, Sony, Nintendo, Reuters Graphics, Netflix, Gamers, Xbox, PlayStation, Big Tech, Apple, HK, reckons, Competition, Markets Authority, CMA, Xbox Cloud Gaming, Ubisoft Entertainment, Ubisoft, Thomson Locations: Los Angeles , California, United States, U.S

The decision on Tuesday sets the stage for a new map with greater representation for Black voters to be put in place for the 2024 elections. The ruling marks a victory for Black voters in the state who had challenged the existing districts as racially discriminatory. WHAT HAPPENEDJustices denied Alabama's emergency request to keep Republican-drawn congressional lines in place and stop a three-judge panel from drawing new lines as the state appeals. WHAT IS THE REACTIONThe decision was a victory years in the making for Black voters and advocacy groups that had filed lawsuits challenging the Alabama districts. A WINDING PATHThe winding legal saga in Alabama began when groups of Black voters challenged Alabama’s congressional map as racially discriminatory.

Persons: —, Steve Marshall, Barry Moore, Deuel Ross, Alabama's, Plaintiffs, George Wallace's, “, Black, Marshall, ” Marshall, Ross, Kareem Crayton, ” Organizations: U.S, Supreme, Black, Republican, Alabama, Republican Rep, GOP, NAACP Legal, Fund, Gov, Brennan Center for Justice Locations: MONTGOMERY, Ala, Alabama, Black, Louisiana , Georgia, Florida, Louisiana

☆ Astros, Mariners continue battle for playoff spot
▼ + stars: | 2023-09-26 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

The Mariners (84-72) dropped 1 1/2 games behind Houston (86-71) in the chase for the American League's third and final wild-card playoff berth with a 5-1 loss to the visiting Astros on Monday night. The Mariners have lost four games in a row overall, and they lost the past 10 games they played against teams with winning records. Yordan Alvarez and Kyle Tucker went deep for the Astros, who snapped Mariners ace Luis Castillo's streak of eight consecutive victories. Javier went seven innings and allowed three runs on three hits with eight strikeouts and two walks in the Astros' 6-4 victory. Kirby is 1-0 with a 2.53 ERA in two career starts against the Astros.

Persons: Scott Servais, J.P, Crawford, We've, Justin Verlander, Yordan Alvarez, Kyle Tucker, Luis Castillo's, Houston's Cristian Javier, Seattle's George Kirby, Javier, didn't, Kirby Organizations: Seattle Mariners, The Mariners, Houston, Astros, AL West, Texas Rangers, Mariners, Seattle, Kansas City Royals, Texas, Baltimore Orioles, Oakland, Thomson Locations: Seattle, Houston

CHICAGO (AP) — There is Shohei Ohtani, and then there is the rest of baseball's soon-to-be free agents. The right-hander also went 10-5 with a 3.14 ERA in 23 starts on the mound. Here's a closer look at a couple more of baseball's best potential free agents:1B/OF CODY BELLINGERBellinger also was a free agent in 2022. He is a .240 career hitter with 153 homers and 424 RBIs in seven years in the majors. He's 10-11 with a 3.25 ERA over 182 2/3 innings this season overall and will turn 31 during the offseason.

Persons: Ohtani, Tommy John, CODY BELLINGER Bellinger, Bellinger, Belllinger, Wrigley, LHP BLAKE SNELL Snell, Cy Young, Snell, Bob Gibson, AARON NOLA, Nola, JOSH HADER Craig Kimbrel, Aroldis Chapman, Hader, MATT CHAPMAN, Chapman, Jordan Montgomery, Louis, He's, Sonny Gray, Jeimer Organizations: CHICAGO, Los Angeles Angels, AL, Cincinnati, Angels, Los Angeles Dodgers, Chicago Cubs, Atlanta, Cubs, San, Cy, NL, Philadelphia, Pittsburgh, Toronto, Rangers Locations: baseball's, San Diego, Tampa Bay, St, Minnesota

☆ Closing in on AL West title, Rangers face Angels again
▼ + stars: | 2023-09-26 | by ( Field Level Media | ) www.reuters.com time to read: +4 min

Bradford got a no-decision in his one prior appearance against the Angels, a start on June 13 in Arlington, Texas. He allowed one run on just two hits over 4 1/3 innings in a game that saw the Rangers bullpen implode in a 7-3 loss. Reid Detmers (3-10, 4.64 ERA) will start for Los Angeles (70-87). Detmers, who is 2-2 with a 3.95 ERA in eight career starts against the Rangers, is 1-1 with a 2.08 ERA in three starts vs. Texas this year. The Rangers increased their winning streak to six games, a span in which they have scored 45 runs and hit 17 home runs.

Persons: Cody Bradford, Cy Young, Max Scherzer, Bradford, Reid Detmers, Detmers, Adolis Garcia, Mitch Garver, Nathaniel Lowe, Marcus Semien, Garcia, Jimmy Herget, Garver, Lowe, Bruce Bochy, Jon Gray, hadn't, Logan, Gray, Bochy, Nolan Schanuel, Schanuel, Phil Nevin Organizations: American League West, Texas Rangers, Los Angeles Angels, Anaheim , Calif . Texas, Bradford, Angels, Rangers bullpen, Los, Rangers, Houston, The Rangers, Texas, Seattle, Angeles, Thomson Locations: Anaheim , Calif, Arlington , Texas, Los Angeles, Texas, Seattle, . Texas

☆ India's BJP, the world's biggest party, plots election drive of epic scale
▼ + stars: | 2023-09-26 | by ( Rupam Jain | ) www.reuters.com time to read: +9 min

[1/5] FILE PHOTO-Partha Chaudhury, 39, a worker of India's ruling Bharatiya Janarta Party (BJP), speaks with Reuters during the party's outreach program in Kolkata, India, May 30, 2023. "We want people to remember that the BJP knocked on their doors much before any opposition party worker did." "The BJP's challenge as the dominant national party is to manage voter fatigue and to sustain the enthusiasm among its cadres after two terms in power," Mehta added. "This time, the world's biggest party has launched the biggest-ever outreach to win the world's biggest elections." The BJP was beaten by a regional opposition party four years ago, even though it had strong support there, winning roughly 600,000 of the total 1.5 million votes cast.

Persons: Partha Chaudhury, India's, Avijit Ghosh, PM Modi, Chaudhury, Narendra Modi, It's, Tamoghna Ghosh, Modi, J.P, Nadda, Nalin Mehta, Mehta, isn't, Moitra, Mallikarjun Kharge, Long, Rupam Jain, Pravin Organizations: Bharatiya Janarta Party, BJP, Reuters, REUTERS, Party, PM, Bharatiya Janata Party, archrival Congress, UPES School of Modern Media, Trinamool, Krishnanagar, Pravin Char, Thomson Locations: Kolkata, India, KOLKATA, West Bengal, New Delhi, Uttarakhand, INDIA, India's, Calcutta

[1/2] A general view of Polish shoe retailer CCC shop is pictured, amid the coronavirus disease (COVID-19), in Warsaw, Poland, September 8, 2020. "Let me tell you, there was a time when I couldn't even afford to buy salmon, for example. Buczek has benefited from the fact that PiS has raised her pension as part of hefty welfare spending moves which, opinion surveys show, are easing Poles' concerns over high inflation. The Polish minimum wage, already the highest in central Europe, will rise by nearly a fifth next year. With many houseowners on variable loan rates, Warsaw recently extended a scheme for mortgage repayment holidays into next year.

Persons: Kacper, Jadwiga Buczek, Buczek, PiS, Steffen Dyck, Adam Glapinski, Fitch, Federico Barriga Salazar, Andrzej Kuzniak, Moody's Dyck, Kacper Pempel, Jan Strupczewski, Gergely, Mark John, Sharon Singleton Organizations: REUTERS, Reuters, Justice, European Union, European Commission, National Bank of, Sovereign Risk, Moody's, International Monetary Fund, Civic Coalition, Thomson Locations: Warsaw, Poland, WARSAW, Poland's, Europe, NBP, Brussels

☆ Explainer: What's at stake in Telecom Italia grid deal?
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +3 min

TIM is selling NetCo, a venture comprising both TIM's domestic fixed-access network and international wholesale telecoms operator Sparkle. TIM's landline network covers nearly 89% of the country's households and its fibre cable stretches over 23 million kilometres across the country. Beyond TIM's grid, a second major network is being rolled out by Open Fiber, a company controlled by CDP and Australian investment group Macquarie. There had long been talks of trying to combine TIM's network with Open Fiber but competition concerns have hampered such a deal so far. With its 24% voting stake, Vivendi could throw a spanner in the works at any TIM shareholder meeting to vote on a deal or challenge it in the courts.

Persons: Yara, Pietro Labriola's, Giorgia, Elvira Pollina, Keith Weir, Anil D'Silva Organizations: REUTERS, KKR, Italian Treasury, Telecom Italia's, TIM, WHO, Vivendi, Treasury, Trade, Macquarie, Thomson Locations: Rome, Italy

☆ Blue Origin: Longtime Amazon executive to take over Jeff Bezos’ rocket company
▼ + stars: | 2023-09-25 | by ( Jackie Wattles | ) edition.cnn.com time to read: +2 min

CNN —Jeff Bezos’ space tourism and rocket company is replacing its chief executive officer with a longtime Amazon executive. The current Blue Origin CEO, Bob Smith — a former Honeywell executive who took over the role in 2017 — will step down and make way for Dave Limp, the senior vice president of devices and services at Amazon, a spokesperson for Blue Origin said in a statement Monday. In the statement, Blue Origin said that Limp is “a proven innovator with a customer-first mindset. Blue Origin has several other high-profile projects in the works. Blue Origin struggled to deliver the BE-4 engines, encountering months of delays.

Persons: Jeff Bezos, Bob Smith —, Dave Limp, Limp, Smith, ” Limp’s, Shepard, New Shepard, Glenn, Lockheed Martin, ULA, Artemis — Organizations: CNN, Amazon, Honeywell, Blue Origin, SpaceX, Vulcan, United Launch Alliance, Lockheed, Boeing, Blue, NASA, Origin

Limp joins Blue Origin at a key phase of the company's multiple space projects. Earlier this year Blue Origin won a $3.4 billion NASA contract to build a lunar lander for the agency's astronauts. However, Blue Origin has since hired aggressively. Read Bezos' message to Blue Origin employees on Monday:I'm excited to share that Dave Limp will join Blue starting December 4th as CEO, replacing Bob, who has elected to step aside on January 2. JeffRead Smith's message to Blue Origin employees:Team Blue, It's been about six years since I joined Blue Origin.

Persons: Limp, Shepard, Smith, Panos Panay, Bezos, Alexa, Limp's, Andy Jassy, Jeff Bezos, Blue, Bob Smith, Origin's, Glenn, –, Read, Dave Limp, Bob, I'd, we've, We've, I've, Dave, Jeff Read, It's, Jeff, I'm, Ferociter, Dave Limp's Organizations: Amazon, Alexa, CNBC, NASA, Blue Origin, Bloomberg, Microsoft, Billionaire, Blue Origin's, Origin, Honeywell, Shepard, Pentagon, U.S . Space Force, Elon, SpaceX, Blue, Amazon Devices, Services, Apple Locations: Van Horn , Texas, U.S, Alabama, Florida, California , Arizona, Colorado, Kent

☆ Division title secured, Twins look for more vs. Angels
▼ + stars: | 2023-09-23 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

Rosenberg has never faced the Twins in his eight career appearances. Minnesota (82-72) clinched its third AL Central title in the past five seasons on Friday night with an 8-6 victory over the Angels in the opener of a three-game series. As the team celebrated and posed for pictures on the field afterward, shortstop Kyle Farmer made a vow to the fans. "First, congrats to (the Twins)," Nevin said. "It's really, really impressive what he's doing."

Persons: Sonny Gray, hasn't, Kenny Rosenberg, Phil Nevin, Nevin hadn't, Rosenberg, Pablo Lopez, Alex Kirilloff, Jorge Polanco, Kyle Farmer, Farmer, Johan Santana, Rocco Baldelli, They're, Logan O'Hoppe, Nolan Schanuel, Zach Neto, Nevin, Schanuel, Alvin Davis, Lopez, Nolan Organizations: American League Central, Minnesota Twins, Los Angeles Angels, Angels, New York Yankees, Los, Twins, AL Central, Tampa Bay Devil Rays, Seattle Mariners, Thomson Locations: Minneapolis ., Los Angeles, Minnesota, Tampa

Finance Minister Anton Siluanov said Russia would return to following its budget rule in 2024, envisaging an oil price of $60 per barrel. The government was discussing budget plans for the next three years. Bloomberg News reported that Russia is also planning a huge hike in defence spending next year, swelling to 6% of GDP from 3.9% in 2023 and 2.7% in 2021. Siluanov said Russia planned to raise domestic borrowing to more than 4 trillion roubles annually to fund its deficits. Siluanov said Russia's NWF would hold 6.7 trillion roubles by end-2024, down from 13.7 trillion roubles, or 9.1% of GDP as of Sept. 1.

Persons: Vladimir Putin, Denis Manturov, Alexei Krivoruchko, Mikhail Metzel, Mikhail Mishustin, Mishustin, Anton Siluanov, Siluanov, Russia's, Vladimir Soldatkin, Darya Korsunskaya, Alexander Marrow, Mark Trevelyan Organizations: Sputnik, REUTERS Acquire, Finance, National Wealth Fund, Bloomberg News, Reuters, Thomson Locations: Izhevsk, Russia, Ukraine MOSCOW, Moscow, Ukraine

☆ Our takes on new Wall Street research analyzing 4 Club consumer stocks
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

There was lots of consumer stock research from Wall Street on Friday, including reports on Club names Costco (COST), Procter & Gamble (PG), beer maker Constellation Brands (STZ) and off-price retailer TJX Companies (TJX). HSBC also said Costco's premium stock multiple is worth it given management's strong execution, sustainable competitive advantages, and growth outlook. The analysts said that P & G has built "one of the strongest set of capabilities in the consumer staples sector." You will not see us trade Costco. TJX YTD mountain TJX Companies YTD In a note Friday, UBS sees department stores still losing share to off-price retailers in both sales and earnings before interest and taxes (EBIT) dollars over the next 10 years and beyond.

Persons: We're, Goldman Sachs, Goldman, Bill Newlands, Jim, TJX, It's, Jim Cramer's, Jim Cramer Organizations: Wall, Costco, Procter, Gamble, Constellation Brands, TJX Companies, HSBC, Coresight Research, Gamble YTD HSBC, Constellation, Modelo, Corona, Constellatio Brands, Elliott Management, UBS, Marshalls, Burlington, Ross Stores, CNBC, Corbis, Getty, & & $ Locations: U.S, Mexican, Maxx, Teterboro , New Jersey

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